Business

Pfizer plans to submit data to the Food and Drug Administration for a fourth Covid shot soon, and it’s working on a vaccine that protects against all coronavirus variants, CEO Albert Bourla told CNBC on Friday. “I think we’re going to submit to FDA a significant progress of data about the need for a fourth

In this article EDF-FR An aerial shot of the Severn Estuary from 2010. Jamie Cooper | Sspl | Getty Images An independent commission in the U.K. is to revisit the possibility of using the Severn Estuary, a large body of water between England and Wales, to harness tidal energy. The commission will be set up

In this article RIVN ZE594-CN R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Electric vehicle maker Rivian plans to use new types of battery cells in its electric trucks,

In this article BMW-DE Spencer Platt | Getty Images News | Getty Images German automaker BMW AG said Thursday its revenue and net profit hit all-time highs in 2021, despite increased spending on research and development related to electric vehicles. In a preview of results that it will present at its annual meeting next week,

Singapore wants to eventually allow all travelers to skip quarantine in the country as long as they are vaccinated, Transport Minister S. Iswaran said. In an interview with CNBC on Thursday, he said: “With greater vaccination and boosting of populations, and also better testing and safe management protocols, I think we have now been able

Adidas CEO Kasper Rorsted told CNBC on Wednesday that it’s too soon to know when the company will restart business operations in Russia. “I think this is premature. The war has been going on for two weeks, and at this stage we’re taking the right decision at this moment. … I think it’s very difficult

In this article MCD A McDonald’s restaurant in St. Petersburg, Russia. Peter Kovalev | TASS | Getty Images McDonald’s expects its Russian shutdown will cost the fast-food giant roughly $50 million a month until it reopens its restaurants there. The Chicago-based company announced Tuesday it would temporarily shutter its Russian locations as Russian President Vladimir

In this article M Pedestrians carry Macy’s shopping bags in San Francisco, California, on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Macy’s says the American consumer is still healthy and spending. But, as escalating oil prices translate into higher prices at the gas pump and bigger grocery bills, the department

In this article VOW3-DE VW ID. Buzz VW Volkswagen is resurrecting its iconic microbus — the quintessential van associated with traveling Deadheads and the 1960s counterculture — as an all-electric van called the ID. Buzz. The German automaker on Wednesday finally unveiled the electric vehicle as a 21st-century descendent of its T1 Microbus. VW has

In this article GM PCG’A General Motors on Tuesday announced a pilot program with Pacific Gas and Electric Co. in California that would make its electric vehicles capable of powering a home in the event of a power outage or grid failure. “This is really significant because it’s another benefit of owning an electric vehicle,”

Calvin Ridley #18 of the Atlanta Falcons warms up prior to a preseason game against the Miami Dolphins at Hard Rock Stadium on August 21, 2021 in Miami Gardens, Florida. Michael Reaves | Getty Images The National Football League suspended Atlanta Falcons wide receiver Calvin Ridley through the 2022 season for betting on games, Commissioner

Nurse practitioner Deborah Beauplan administers a COVID-19 swab test at a drive-thru testing site set up for Suffolk County, New York. Newsday | Getty Images The U.S. has a long way to go before the pandemic is over and life returns to semblance of normalcy as deaths from Covid-19 remain far higher than seasonal respiratory

In this article GLEN-GB TSLA The Aston Martin Rapide E electric vehicle on display at the Auto Shanghai 2019 show in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Aston Martin is to work with Britishvolt on the development of “high performance battery cell technology,” as the carmaker gears up to launch a battery-electric

In this article .SPX XLE With the national average for a gallon of gas hitting its highest price since 2008 and the stock market on edge with the first land war in Europe since WWII being waged by one of the world’s biggest crude oil producers, crude oil prices and energy stocks are an area

In this article DIS A sample of cocktails available onboard the Halcyon. Disney Thrill-seekers of all ages are excited to return to theme parks, but gravity-defying rides and immersive attractions aren’t the only things they have an appetite for. In the last two decades, food and beverage offerings have become an increasingly important part of

In this article F Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images In the biggest deal it has done in a long time, Ford Motor Co. decided to split its electric-vehicle business

Recent upticks in traffic deaths have sparked worry among safety advocates, government officials and even the industry itself. The toll — 1.36 fatalities per 100 million vehicle miles traveled — has been called “a national crisis” by U.S. Secretary of Transportation Pete Buttigieg. That said, riding in cars is currently far safer than it was

Currently less than 1% of fresh produce is grown through hydroponics systems versus open-field agriculture, but this segment is forecast by Mordor Intelligence to grow by nearly 11,% or about $600 million, by 2025. Fifth Season Next to the last steel mill in the poor industrial town of Braddock along the Monongahela River just nine

In this article DIS People gathered in Glendale in February to protest the city’s approval to build a fossil-fueled power plant. Courtesy of Morgan Goodwin Glendale, a Los Angeles suburb that’s home to Walt Disney Imagineering and the famous Brand Boulevard, could be the last city in California to build a fossil-fueled power plant. The

The incoming CEO of Splunk, Gary Steele, told CNBC’s Jim Cramer on Friday he hopes to be a “stabilizing force” for the company and its customers. Steele, whose appointment was announced two days ago, is set to take over the data-analytics software maker and join its board April 11. Splunk had been without a permanent